Transformation and Development

The Political Economy of Transition in India and China

Edited by Amiya Kumar Bagchi and Anthony P. D'Costa

Fresh, critical, and integrated look at the processes of economic and social transformation of India and China

Leading experts in the field blend political economy approaches with insights into economic development

Wide coverage of areas like agriculture, international trade and finance, foreign investments, science and technology policies

Transformation and Development

The Political Economy of Transition in India and China

Edited by Amiya Kumar Bagchi and Anthony P. D'Costa

Description

While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in these countries is characterized by deep rural poverty and underdevelopment, and plagued by unprecedented forms of social and economic inequality, reliance on volatile export markets, brutal land grabs, and forms of crony capitalism.

This volume brings together twelve wide-ranging essays that collectively engage in discussing key areas of transformation and development, including agriculture, industry, global finance and outward direct foreign investments, science and technology, and R&D policies of these nations. Using an interdisciplinary and multi-level analysis, the volume provides comprehensive and critical insights into the dynamics of the development process in the two countries while exploring the realignment of east-west and north-south relations as well as regional balance.

Transformation and Development

The Political Economy of Transition in India and China

Edited by Amiya Kumar Bagchi and Anthony P. D'Costa

Table of Contents

List of Tables and Figures; Preface and AcknowledgementsList of Abbreviations1. Transformation and Development: A Critical Introduction to India and China (6BAnthony P. D'Costa and Amiya Kumar Bagchi)2. Guaranteeing Rural Employment-Tales from Two Countries: Right to Employment in Neoliberal India and Labour Accumulation in Collectivist China (Ashwani Saith)3. Government Policy and the Distribution of Grain: Revisiting the Reform of Agricultural Institutions in China and India (Shailaja Fennell)4. Appraising Industrial Policies of India and China from Two Perspectives: Nationalist and Internationalist (Nirmal Kumar Chandra)5 China in the Global Crisis: Death Knell of the East Asian Developmental Model? (Ho-Fung Hung)6. Harmony, Crisis, and the Fading of the Lewis Model in China (Carl Riskin)7. Growth, Reforms, and Inequality: Comparing India and China (Lopamudra Banerjee, Ashwini Deshpande, Yan Ming, Sanjay Ruparelia, Vamsicharan Vakulabharanam, and Wei Zhong)8 China in the Global Economy: Encountering the Systemic Risks (Sunanda Sen)9. Outward FDI from China and India: An Exploratory Note (R. Nagaraj)10. Science and Technology for Governance in China (Parthasarathi Banerjee)11. Have China and India Become More Innovative Since the Onset of Reforms in the Two Countries? (Sunil Mani)12. Increasing Industrialization of R&D in China: Empirical Observations of the Role of the State (Bikramjit Sinha)Notes on Contributors

Transformation and Development

The Political Economy of Transition in India and China

Edited by Amiya Kumar Bagchi and Anthony P. D'Costa

Author Information

Edited by Amiya Kumar Bagchi, Professor, Economics, and Director, Institute of Development Studies Kolkata, India, and Anthony P. D'Costa, Professor, Indian Studies, and Research Director, Asia Research Centre, Department of International Economics and Management, Copenhagen Business School, Copenhagen, Denmark

Amiya Kumar Bagchi is Professor, Economics, and Director, Institute of Development Studies Kolkata, India. Anthony P. D'Costa is Professor, Indian Studies, and Research Director, Asia Research Centre, Department of International Economics and Management, Copenhagen Business School, Copenhagen, Denmark.

Contributors:

Amiya Kumar Bagchi is Professor, Economics, and Director, Institute of Development Studies Kolkata, India; Lopamudra Banerjee is Assistant Professor, Economics, New School for Social Research, New York, USA; Parthasarathi Banerjee is Director and researcher, National Institute of Science Technology & Development Studies (NISTADS), New Delhi, India; Nirmal Kumar Chandra, now retired, taught at the Indian Institute of Management Calcutta for many years.; Anthony P. D'Costa is Professor, Indian Studies, and Research Director, Asia Research Centre, Department of International Economics and Management, Copenhagen Business School, Copenhagen, Denmark; Ashwini Deshpande is Professor, Economics, Delhi School of Economics, University of Delhi; Shailaja Fennell is Lecturer in Development Studies, Department of Land Economy, University of Cambridge and a fellow of Jesus College; Ho-Fung Hung is Associate Professor, Sociology, Johns Hopkins University; Sunil Mani is Professor and Planning Commission Chair, Centre for Development Studies, Trivandrum, Kerala, India; Yan Ming is Professor, Sociology, Institute of Sociology, Chinese Academy of Social Sciences; R. Nagaraj is Professor, Indira Gandhi Institute of Development Research, Mumbai; Carl Riskin is Distinguished Professor, Economics, Queens College, City University of New York, and Senior Research Scholar, Columbia University; Sanjay Ruparelia is Assistant Professor, Politics, New School for Social Research, New York; Ashwani Saith is Professor, Rural Economics, International Institute of Social Studies, The Hague; Sunanda Sen is National Fellow of the Indian Council of Social Science Research, and Visiting Professor, Institute for Studies in Industrial Development, Delhi, Jamia Millia Islamia University, New Delhi, and the Institute of Development Studies Kolkata, India; Bikramjit Sinha is a Scientist, National Institute of Science Technology and Development Studies, New Delhi; Vamsicharan Vakulabharanam is Associate Professor of Economics, University of Hyderabad, India; Wei Zhong is Professor, Economics, and Director, Institute of Economics, Chinese Academy of Social Sciences.